Agnico Eagle COVID-19 and Operations Update
COVID-19 Update
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Operations have rebounded strongly post Q2 2020 COVID-19 interruptions
To-date, the Company has seen limited impact on operational productivity as a result of
COVID-19, and it is continuing to strengthen and enhance COVID-19 protocols
In Q3 2020, new operational records were established at several of the Company's mines.
Record monthly tonnage milled in August at Canadian Malartic, and daily record tonnage
milled at Goldex in September. Record monthly gold production at LZ5 in August, and record
quarterly gold production at Meliadine. Meadowbank has showed consistent operating
performance since July, and Kittila continued to have strong underground production in the
quarter and the mill expansion is progressing ahead of schedule
COVID-19 financial impact
COVID-19 protocols (not including compensation paid to Nunavut-based employees) added
$2.8 million (approximately $6 per ounce) to the Company's operating costs in Q3 2020
The Nunavut-based workforce remained at home due to current COVID-19 health guidelines
issued by the Government of Nunavut and the Company continued to pay for 75% of the base
salaries for these employees (a total of $3.7 million pre-tax, $2.2 million net of tax, included in
Other Expenses) in Q3 2020
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